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In What Way Should Operating Leases Be Accounted for Under

Question 48

Multiple Choice

In what way should operating leases be accounted for under IAS 17?


A) The lease payments should be capitalized and shown on the balance sheet as an asset.
B) The lease payments must be expensed as they are incurred.
C) IAS 17 is flexible,allowing both capitalization and expensing of operating lease costs.
D) The lessee capitalizes the operating lease and the lessor expenses the lease.

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